Najib launches RM10 bil unit trust scheme

Prime Minister Datuk Seri Najib Tun Razak on Wednesday launched a RM10 billion Amanah Saham Bumiputera 2 (ASB2) unit trust scheme.

The 10 billion-unit scheme will be managed by Permodalan Nasional Bhd (PNB), Malaysia's biggest fund manager.

Najib said PNB has apportioned RM10 million to be disbursed as incentives to investors in ASB2, the 10th unit trust scheme by PNB.

The prime minister said 10 free units of ASB2 would be credited to the account of unitholders, who registered from today till Dec 31, subject to the availability of the units.

Additional incentives would also be offered to the people who attended the launching of the fund at Merdeka Stadium today, said Najib, who is also the finance minister, when launching the scheme at Merdeka Stadium.

"If you register as a ASB2 unitholder at Merdeka Stadium today, you will be given a RM50 voucher to buy the ASB2 units," added Najib.